That's right. If you can pay and get paid with cryptocurrencies, you don't have to use an exchange.

Are you for real? There’s major headlines about screw ups with crypto codebases and exchanges constantly.

The headlines are practically always either about centralized bank-like exchanges that hold crypto on behalf of others losing it, or about people losing money they put into a badly-written Ethereum contract. The number of situations that people lost properly-handled cryptocurrency (they didn't send it to the wrong address, they had a backup, and they used a hardware wallet or malware-free computer) with a mainstream client have been practically non-existent.

You realize the user hostile nature of basically all crypto currencies is not a feature right?

"You should have a backup and double-check the address you send to" is a user-hostile high bar? I mean, maybe for non-technical people, but I'm not exactly recommending bitcoin or any cryptocurrency to them. Something can have its uses without having to be everything to everyone.

The comment I was replying to was saying we need to replace banks with crypto. The user hostility is one reason why that's nowhere near happening.

What a fallacy of equivocation, cryptocurrency codebases and the exchanges they trade on are not the same thing. It would be like saying: marijuana and the cartels and killing any people every year!

I didn't equivocate them, I listed them both individually. Didn't seem like a hard sentence to parse to me?